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2602 Willa Dr, Saint Joseph, MI 49085

3 beds • 2 baths • 1368 sqft

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This property looks like a bad Airbnb investment with a projected -15.12% first-year return on $71,886 initial cash invested.

-15.12%

Cash On Cash

1.96%

Cap Rate

0.33

DSCR

$1,405

Rent

-$906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,405 income − $2,311 expenses = $906 out of pocket

Income$1,405Out of Pocket$906Mortgage P&I$1,27090%Property Taxes$27420%Insurance$937%Management$21115%CapEx$564%Maintenance$564%Other$35125%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,886

Downpayment

20%

$51,320

Closing costs

1%

$2,566

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,405

Total Expenses

$2,311

Mortgage P&I

90%

$1,270

Property Taxes

20%

$274

Home Insurance

7%

$93

HOA

0%

$0

Property Management

15%

$211

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$351

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